AAOIFI’s Standards in Russian Language

Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI ), the international standard-setting organisation for Islamic finance, is cooperating with the Mufties Council of Russia to translate AAOIFI ‘s international Islamic finance standards into Russian language.

The translated standards are expected to help regulatory authorities and financial institutions in developing Islamic finance in jurisdictions that use Russian language as their official language. project for the translation is already under way with the first group of standards to be translated by end of Fepuary 2010.